by CEF | Sep 27, 2017 | CFPB, Chapter 7, General
Any time you go into a bank and open a new account, they typically ask if you want “overdraft protection.” They tell you it is a “benefit” the bank offers its customers, but you should know that it also benefits them. Banks make a lot of money...
by CEF | Aug 20, 2017 | Chapter 7, General
If you are thinking of filing for bankruptcy and have a balance sitting in a PayPal or EBay account, you must disclose it on the schedules you prepare and file with your bankruptcy petition. These accounts are just like bank accounts you have parked your money in, or...
by CEF | Mar 23, 2017 | Chapter 13, Chapter 7, General
Let’s face it — sometimes people do not make the best decisions and end up gambling at the casinos or elsewhere a little more than they should. Sometimes, those gambling debts add up and then you are facing bankruptcy. For debts that are unrelated to...
by CEF | Feb 24, 2017 | Chapter 13, Chapter 7, General
If you have a joint bank account you should know that if a creditor obtains a judgment against one account holder, they could (and usually do) try and file a “bank levy” to have a Sheriff seize the money in the joint account. If your name is on a joint account with...
by CEF | Feb 8, 2017 | Chapter 13, Chapter 7, General
If you are thinking of filing for bankruptcy and you are holding onto uncashed checks because you think that you don’t have to declare it as income until it is cashed — think again. After you file for bankruptcy there will be a meeting with the...
by CEF | Jan 11, 2017 | Chapter 13, Chapter 7, General
Doubling your bankruptcy exemptions — is it double the trouble or double the good? What does it all mean? Doubling bankruptcy exemptions means that you and your spouse can each take the full allowed amount of the exemption on the same piece of property, so long...
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